Tag: blockchain

What is Blockchain? Blockchain is a decentralized network of computing units called nodes that facilitate peer to peer transactions without the need for a third party or a larger centralized server to facilitate or validate those transactions. Currently, a trusted third party like a bank,lawyer or a government body is required to validate transactions, such …

One of the things I learned during my EMBA was how to break down, re-organize and clearly explain certain kinds of information; a skill which has proved useful when preparing and pitching my start-up based on my b-school business plan. In late October, that got put to the test. I had the opportunity to pitch …

While the global banking behemoths rush in to the blockchain space, many industry verticals beyond banking are also exploring applications for this technology. This starts with insurance but also extends to supply chain management and shipping. However, there is a new vertical that has almost overnight started using the technology, learning how to make money …

Just this week, JP Morgan Chase CEO Jamie Dimon came out strongly against Bitcoin. Calling it a “fraud“, claiming that “it is worse than tulip mania”, and declaring that he will fire any employee who trades the cryptocurrency for being “stupid”. (While somewhat amusingly admitting that his daughter invests in Bitcoin.) Also this week, several China-based Bitcoin …

For those struggling to understand blockchain, think of it this way. It will be the digital connection between people as well as between machines – starting with your cell phone. It will be used to tell your washing machine when to run. It will also be used to bill you for the electricity and …

No matter one’s professional background, these days it is almost impossible to escape at least a very basic introduction to “blockchain.” At its core, blockchain has the potential to give every individual access to data, processes, and the ability to transact with others on a scale that was never before possible. From a strictly mid-20th …

There are many people who cringe when they think about what is going to happen to healthcare under a Trump administration. Healthcare is a subject which has wormed its way into everyday conversation since Ronald Reagan was in office. Back then “entitlements”, specifically social security, were a supposed “third rail” that could not be touched, …

The year 2017, for everything else it may or may not be, is already heralded as “The Year of Blockchain.” But what exactly is “blockchain” – and why is it slated to be the debutante of the ball across multiple industries? Essentially blockchain is a way of connecting distributed databases to each other. In other …

Blockchain, the underlying technology used by Bitcoin, has implications that reach far beyond the financial services community and banks. This is where new development and implementation may have focussed so far. However, as the technology and its implications become better understood, it will rapidly expand to new industries and verticals. Blockchain systems operate as a …

This is a guest post from Marguerite Arnold. When news broke in late October that some of London’s largest banks were investing in Bitcoin, cryptocurrencies in general got another boost. According to reports, however, this latest move to embrace Bitcoin was not a positive embrace of the digital currency per se, but rather a move …